I mentioned this to my 18-year old son about the banks closing and the tax. Then asked him “So what do you think will happen when they open the banks?”
“Everyone will go down and take out their money.”
I then asked my 15 year-old daughter in the other room.
“Everyone will get their money out. And then the banks will go out of business.”
My daughter gets REALLY mad when she sees how stupid people are.
Most Cypriots believe somewhere in the final set of rules, hours before they reopen (might be Tuesday....but I’m betting it could be as late as next Friday)....there’s going to be a rule where you can’t take more than a certain amount of your money out of the bank per week.
From yesterday, the Turkish side of the isle...unaffected by this mess...came and offered an interesting deal. They’d fund the Greek Cypriot folks with seven billion Euro. They’d like to bring isle back into one group (like it was before 1973). So far, their deal has been probably the best situation for everyone....but they hate the Turks.